Cothan: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Cothan
Largest movements
- Current investments +€252,225
up €252,225 (+61.2%), from €412,432 to €664,657
- Tangible fixed assets -€131,527
down €131,527 (-4.4%), from €3.0m to €2.9m
of which Land and buildings: -€132,200
- Receivables within one year -€106,621
down €106,621 (-35.3%), from €302,057 to €195,437
of which Trade receivables: -€89,028
- Profit (loss) carried forward +€213,145
up €213,145 (+20.4%), from €1.0m to €1.3m
- Tax, wage and social debts -€135,196
down €135,196 (-38.9%), from €347,186 to €211,990
of which Remuneration and social security: -€113,751
- Debts after one year -€105,766
down €105,766 (-5.4%), from €2.0m to €1.9m
- Trade debts +€58,110
up €58,110 (+1631.1%), from €3,563 to €61,673
- Gross operating margin +€138,126
up €138,126 (+6.1%), from €2.3m to €2.4m
- Staff costs +€78,667
up €78,667 (+4.1%), from €1.9m to €2.0m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,325,738 | €4,329,449 | +€3,712 | +0.1% |
| Fixed assets | 21/28 | €2,996,895 | €2,865,368 | -€131,527 | -4.4% |
| Tangible fixed assets | 22/27 | €2,996,777 | €2,865,250 | -€131,527 | -4.4% |
| Land and buildings | 22 | €2,945,275 | €2,813,075 | -€132,200 | -4.5% |
| Plant, machinery and equipment | 23 | €3,260 | €6,985 | +€3,726 | +114.3% |
| Furniture and vehicles | 24 | €48,241 | €45,189 | -€3,052 | -6.3% |
| Financial fixed assets | 28 | €118 | €118 | = | 0.0% |
| Current assets | 29/58 | €1,328,843 | €1,464,081 | +€135,239 | +10.2% |
| Amounts receivable within one year | 40/41 | €302,057 | €195,437 | -€106,621 | -35.3% |
| Trade receivables | 40 | €284,457 | €195,429 | -€89,028 | -31.3% |
| Other amounts receivable | 41 | €17,600 | €8 | -€17,593 | -100.0% |
| Current investments | 50/53 | €412,432 | €664,657 | +€252,225 | +61.2% |
| Cash at bank and in hand | 54/58 | €544,043 | €509,983 | -€34,060 | -6.3% |
| Deferred charges and accrued income | 490/1 | €70,310 | €94,005 | +€23,695 | +33.7% |
| Total equity and liabilities | 10/49 | €4,325,738 | €4,329,449 | +€3,712 | +0.1% |
| Equity | 10/15 | €1,913,526 | €2,096,374 | +€182,849 | +9.6% |
| Contributions | 10/11 | €200,051 | €200,051 | = | 0.0% |
| Capital | 10 | €200,051 | €200,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,046,958 | €1,260,103 | +€213,145 | +20.4% |
| Investment grants | 15 | €666,516 | €636,220 | -€30,296 | -4.5% |
| Amounts payable | 17/49 | €2,412,212 | €2,233,075 | -€179,137 | -7.4% |
| Amounts payable after more than one year | 17 | €1,959,412 | €1,853,646 | -€105,766 | -5.4% |
| Financial debts | 170/4 | €1,959,412 | €1,853,646 | -€105,766 | -5.4% |
| Amounts payable within one year | 42/48 | €452,800 | €379,429 | -€73,371 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €102,052 | €105,766 | +€3,714 | +3.6% |
| Trade debts | 44 | €3,563 | €61,673 | +€58,110 | +1631.1% |
| Suppliers | 440/4 | €3,563 | €61,673 | +€58,110 | +1631.1% |
| Taxes, remuneration and social security | 45 | €347,186 | €211,990 | -€135,196 | -38.9% |
| Taxes | 450/3 | €21,956 | €511 | -€21,444 | -97.7% |
| Remuneration and social security | 454/9 | €325,230 | €211,479 | -€113,751 | -35.0% |
| Remuneration, social security and pensions | 62 | €1,904,000 | €1,982,668 | +€78,667 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,542 | €149,203 | +€661 | +0.4% |
| Other operating charges | 640/8 | €8,120 | €11,101 | +€2,981 | +36.7% |
| Non-recurring operating charges | 66A | - | €3,483 | +€3,483 | |
| Gross operating margin | 9900 | €2,262,918 | €2,401,044 | +€138,126 | +6.1% |
| Operating profit (loss) | 9901 | €202,256 | €254,590 | +€52,333 | +25.9% |
| Financial income | 75/76B | €32,094 | €33,488 | +€1,394 | +4.3% |
| Recurring financial income | 75 | €30,756 | €33,488 | +€2,732 | +8.9% |
| Non-recurring financial income | 76B | €1,338 | - | -€1,338 | |
| Financial charges | 65/66B | €78,539 | €74,933 | -€3,606 | -4.6% |
| Recurring financial charges | 65 | €78,539 | €74,933 | -€3,606 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €155,811 | €213,145 | +€57,334 | +36.8% |
| Profit (loss) for the period | 9904 | €155,811 | €213,145 | +€57,334 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €155,811 | €213,145 | +€57,334 | +36.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.